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Europe: +44 (0) 207 198 1634 Good morning. Trifecta. Heard the term? No, I’m not talking about the horserace track. I’m talking about U.S. equities. Specifically, a Dow Trifecta. That’s when the Dow Industrials, the Dow Transports and the Dow Utilities all close at record highs. Yesterday the Dow jumped 101 points closing at 17,485. The Dow Transports rose 0.47% and […]
Good morning. I sure hope it is for you because yesterday was another really, really lousy day for our 401K’s. The Dow lost 238 points, 1.4%, to 16,805, the S&P 500 dropped 26, 1.32%, to 1,946 and the Nasdaq ended down 71 points, 1.59%, to 4,422. All material losses. For well over a year I’ve […]
Good morning. Equities started the day nicely higher after Mario Draghi of the ECB announced the central bank was cutting its benchmark interest rate to a record low, from 0.15% to 0.05% (seriously? A 0.1% drop ain’t going to help or hurt my portfolio) and planned to purchase asset-backed securities (now THAT will have an […]
